May 20 News – On May 20, Dongying Hualian Petrochemical Co., Ltd. lowered its latest propylene quotation, reducing the ex-works self-pickup price by 70 CNY/ton to 9,103 CNY/ton. The company's 80,000-ton-per-year propylene unit is operating steadily.

Chempricehub evaluates propylene with a bullish-bearish score of -1.
At the spot level, Dongying Hualian Petrochemical has lowered its ex-works self-pickup price for propylene by 70 CNY/ton to 9,103 CNY/ton. Its 80,000-ton-per-year propylene unit remains in stable operation, with no significant reduction in supply, exerting moderate bearish pressure on spot propylene prices.
At the futures level, on May 19, the settlement price of the Zhengzhou Commodity Exchange (ZCE) propylene main contract 2607 was 8,643 CNY/ton, down 28 CNY/ton from the previous trading day. The decline in spot prices further weighed on the futures market, yielding an overall bearish outlook.